ThomasM125
Expert Alumni

Get your taxes done using TurboTax

OK, no problem. You need to make three K-1 entries for the K-1 you received from company A, one for each of the companies referenced in box 20, code Z.

 

For the income reported in box 1, you will enter the amount reported in box 20. So, when you are done you will have three K-1 entries and the total will equal what is on the K-1 form you received from company A. 

 

 

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